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Steven A. Leahy
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Four Things You Should Know if You Have Unfiled Tax Returns>>
- It is a Crime and you can go to prison for 1 year for every year of unfiled return;
- The IRS can file your tax return for you. It's a penalty, not a service. They may assess an exaggerated tax obligation for you;
- You may lose your refund. If you overpaid your taxes the IRS may keep that money;
- It may be impossible to stop IRS Collections actions against you, including bank levies and wage garnishments.
Nine Things That May Cause an Audit>>
- Make a mistake on your return;
- Round of entries;
- File late, or not at all;
- Be a tax protester;
- Have unreported foreign accounts;
- Don't report some income
- Claim large charitable contributions;
- Take repeated losses on home business;
- Use an unscrupulous tax preparer.